York as u. S. Inventories declined. And coffee slumped on its return to trade. Unease there. Lets get you started with a quick check of the markets trading at the moment. We are seeing u. S. Futures opening slightly higher. This of course after the regular session saw the sapp 500 climb to a 10week high. We have optimism over reopening of different economies. Not so much in key retail earnings showing signs of resiliency, so we have those and target reporting sales that top the estimates. The sapp 500 really erasing all of tuesdays losses. And really the gains being pretty broad. Were talking about financials, industrials and Energy Leading all 11 sectors higher. The sapp 500 more than up more than 30 since its march low. The nasdaq composite at the highest level in more than 12 weeks. Oil, we saw another day of gains for w. T. I. , gaining ground for a fifth consecutive session. Right now under a little bit of pressure but still at around the highest level in almost 10 weeks as we con
Rates can go. Deal toor merkel says a bailout lufthansa is edging closer. Warns of ad airline multibilliondollar rescue. 7, 8. I found the roadmap. One thing we have touched on. It is about demand. It is not about which camera. It is about demand. You have mark cuban of the Dallas Mavericks obviously supporting, talking about. Usinesses that cant survive jp morgan, citigroup, goldman sachs. This is the issue. Synchronized, un dislocated reopening which is know when youre 100 , which pulls into question that the veracity of the argument goes from 20 that unemployment goes from 20 to 10 . The road is dislocated. Nejra you got a sense of that in the fed minutes. Gloomy prognoses. What might be considered more is yield curve controls from here rather than negative rate. They were apparently not discussed as much to. That was kind of the take away from the fed. Yieldted discussion of curve control. They also said some banks should limit payouts to shareholders then you have the u. S. China
Disinformation and propaganda, President Trumps rhetorical assault on beijing steps up a gear. The u. S. Senate passes a bill to the last Chinese Companies on european and delist Chinese Companies on european indexes. The bank of england president said get of rates are not being ruled out. Plus, cut to junk. Angela merkel says a decision on the lufthansa bailout should be expected shortly after the German Airline becomes the latest to lose its Investment Grade status on the s p. Take a look at futures this morning. We do see losses in futures. Euro stoxx 50 futures down a little bit more than 1 . 0. 6 6 . Ures falling we see drops on u. S. Futures, as well. S p, and nasdaq futures all down by more than 0. 5 . Anna, the gmm . Anna lets have a look at the gmm. Quite a mixed picture in the Asian Session after some gains in europe and the u. S. Yesterday. Lifted in part by some better corporate reporting in the u. S. We see a little bit of nervousness around geopolitics and the ongoing ten
Lots of people start retiring retail value starts to drop your medically, as a result of which, air france is taking the 500 million euro hit on that. Vonnie suppliers like rollsroyce, talking to the jet engine maker earlier on, and every time a widebody plane aes away, rolls doesnt get reorder for that particular plane. The s p 500 up 1. 5 . Most stocks are higher in the s p, and all of the groupings in the s p are higher, but we do have about 50 or so stocks lower. To be honest, a lot of those are came out after target and said, look, i cant tell you what is going on with the consumer. I am just completely confused. Target upping its offerings of fruits and vegetables and cook foods, but really not understanding what the customer is doing about a parable is doing about apparel. The dollar index down to 99, testing the 99 mark. Lets not forget the fomc minutes later on, for what thats worth. Theres also a lot of chatter about negative rates, particularly out of england. The 10 year yi
Yesterday down 86 points at 4 00 oclock on wall street. More help for Small Businesses and hospitals on the way. The senate did pass the 484 billiondollar coronavirus aid deal last night. House is expected to vote on this tomorrow. Meanwhile the white house is looking ahead to additional stimulus packages. We will talk about that. President trump to sign executive order today temporarily banning immigration to protect american jobs. The cdc meanwhile is out with a dire warning this morning saying there could be a second wave of coronavirus and might be even worse than what we are dealing with right now. That coming in the fall. More people stuck at home turn to streaming. Adding 16 million subscribers but warned that the level of growth probably will not continue as lockdown across the globe start easing up. The stock is down 188. More earnings on top this morning including at t and Delta Airlines, all that coming up. Mornings with maria live right now. Maria Global Markets look like t